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Best Buy Reports Fourth Quarter Results
Best Buy To Lay Off Store Workers- WSJ
Best Buy Appoints Mario Marte To Board Of Directors
Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. It has operations in the United States, Canada and Mexico. The Company operates through two segments: Domestic and International. The Domestic segment consists of the operations in all states, districts and territories of the United States, under various brand names, including Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, and Pacific Kitchen and Home. The International segment consists of all operations in Canada and Mexico under the brand names, Best Buy, bestbuy.com.ca, bestbuy.com.mx, Best Buy Express, Best Buy Mobile and Geek Squad. As of December 31, 2016, the Company operated 1,200 large-format and 400 small-format stores throughout its Domestic and International segments.
7601 Penn Ave S
Russell P. Fradin
Chairman of the Board
R. Michael Mohan
President, Chief Operating Officer
Corie S. Barry
Chief Executive Officer, Director
Matthew M. Bilunas
Chief Financial Officer
Chief Human Resources Officer; President, U.S. Retail Stores
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Best Buy Co Inc signaled a slowdown in the coronavirus crisis-driven demand for remote-work computer equipment on Thursday as it missed holiday-quarter sales estimates, sending its shares down 8%.
Best Buy Co Inc forecast full-year comparable sales below analysts' estimates on Thursday, signaling that a pandemic-induced surge in demand for computer equipment would peter out in the coming months.
Best Buy Co Inc has notified employees that it would cut some jobs at its stores, the Wall Street Journal reported https://www.wsj.com/articles/best-buy-to-lay-off-store-workers-11612992808#:~:text=Best%20Buy%20Co.,where%20more%20shopping%20happens%20online on Wednesday,...
Masked shoppers turned up in smaller numbers at major U.S. retailers including Macy's Inc, Walmart Inc and Best Buy Co Inc on Black Friday as early online deals and worry about the spike in COVID-19 cases dulled enthusiasm for trips to the mall.
Best Buy Co Inc will close all its stores in Mexico, the company said on Tuesday, as it anticipates weaker Christmas-season sales amid a spike in COVID-19 cases.
Best Buy Co Inc held back its holiday-quarter view and warned on Tuesday that a boom in work-from-home purchases was likely to lose steam as rising COVID-19 infections in the United States threaten to eat into pre-Christmas consumer confidence.
Best Buy Co Inc beat quarterly comparable sales estimates on Tuesday, boosted by demand for laptops, webcams and other computer accessories as customers settled into work-at-home lifestyles.
Walmart Inc <WMT.N>, Best Buy Co Inc <BBY.N> and hundreds of smaller retailers are bolstering their online gift features, hoping to challenge Amazon.com Inc's <AMZN.O> dominance as a seller of holiday gifts to homebound shoppers.
Eager to capture any holiday-related spending as early as possible this year, Walmart Inc <WMT.N>, ASOS <ASOS.L>, Best Buy <BBY.N> and other major retailers are turning Black Friday into a multi-day promotion.
Consumer electronics retailer Best Buy Co Inc <BBY.N> warned of a slowdown in sales in the third quarter as it faces risks from the coronavirus pandemic including unemployment, lower government stimulus and potential product shortages.
Best Buy Co Inc beat quarterly same-store sales estimates on Tuesday as online demand for computers and other electronic accessories needed to work from home surged for a second straight quarter.
Best Buy Inc <BBY.N> said on Tuesday its quarter-to-date sales rose about 2.5%, driven by a surge in online shopping for electronic devices and appliances, sending its shares up 4% in extended trading.
Best Buy Co Inc <BBY.N> said on Thursday it expects profit margins to be under pressure in the second quarter, as it spends more on expanding delivery services to support a surge in online shopping from people staying at home due to the COVID-19 pandemic.
Best Buy Co Inc reported a 5.3% fall in quarterly same-store sales on Thursday, as the electronics retailer had to close stores due to the COVID-19 pandemic.
A U.S. appeals court on Tuesday ruled that Best Buy's disciplining of an employee who made a racist, sexually-charged comment in front of coworkers was enough to shield the retailer from liability for creating a hostile work environment.
Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees and that its sales dropped about 5% in the first two months of the current quarter, as the electronics retailer kept its stores shut due to the coronavirus pandemic.
Electronics retailer Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees but retain a vast majority of its full-time store and field workers to cater to a surge in demand for work-from-home equipment due to the coronavirus lockdowns.
Best Buy Co Inc <BBY.N> said on Saturday that the company withdrew all financial guidance for fiscal 2021, for both the first quarter and full year, due to increased uncertainty related to the potential impacts of the coronavirus.
* BEST BUY CO INC- DUE TO COVID-19 UNCERTAINITIES, WITHDRAWING ALL FISCAL 2021 FINANCIAL GUIDANCE PREVIOUSLY ISSUED ON FEBRUARY 27, FOR BOTH Q1 AND FY
* SAYS STARTING WEDNESDAY, MARCH 18, STORE HOURS WILL BE REDUCED TO 10 A.M. TO 6 P.M. LOCAL TIME
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.